Services Firm Cape Secures 500 Jobs with New BP Contract
UK-based oilfield services firm Cape announced Friday that it has won a new two-year contract with BP worth an estimated GBP 100 million ($154 million). Cape said the contract will secure around 500 jobs for its employees.
The contract will see Cape supply a range of services, including access, insulation, coating, passive fire protection and platform work on six North Sea assets and the Forties pipeline systems.
Cape Chief Executive Joe Oatley commented in a company statement:
"We are delighted to be awarded this further contract by BP, which will allow us to continue to invest in our people through our apprentice, intern and graduate programs. Cape has a longstanding relationship with BP and we look forward to continuing to work with this important client to deliver our critical industrial services across their assets in the North Sea."
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